Commodity Trader (crude oil) at Virgin Forest Energy Limited

Responsibilities

• Understand market conditions through Platts market reports and oil publications.
• monitoring world markets and following the financial news from agencies such as Reuters and Bloomberg
• Monitor trading screen and news channels, gather key data and analyse trends in order to take a daily position (Long/Short).
• Manage Profit and Loss and mark to market positions to ensure that the trades are profitable and targets are met.
• Identify commercially profitable physical deals and execute in the most beneficial manner.
• Successfully negotiate physical deals with counter-parties, as well as build and maintain n critical relationships with most major suppliers and customers covering the geographical areas of Europe, Africa, and the Middle East.
• Resolve operational inefficiencies, as well as negotiate freight and demurrage exposures resulting in transactional cost reduction.
• Responsible for trading petroleum product across West Africa and East Africa for Virgin Forest.
• Responsible for planning shipping operations and vessel chartering for Virgin Forest.
• Manage loading and discharge operation for various product traded.

Educational Requirements

• Candidates should possess minimum of BSc in Finance, accounting, business or economics or any other related field.

Experience Requirements:

• Cognate experience in Commodity Trading especially Oil & Gas commodities.
• Applicants must possess adequate knowledge on oil and gas industry.
• Monitoring the changes in the various markets across the globe
• Quick decision-making capabilities
• Willingness to work hard and for longer periods daily
• Ability to conduct oil trades using an electronic exchange or on the trade floor
• More than 2 years’ experience and proven track record in Oil related trading within the banking or oil trading industry
• Direct experience in managing Oil risk positions
• Detailed fundamental & technical understanding of the Oil markets
• Previous experience in a platform that has strong client franchise would be an advantage
• Strong quantitative, documentation and communication skills

Desired Skills:

• Excellent interpersonal and communication skills
• Passion for growth and success
• Able to work in a team environment and individually
• Excellent oral and written communication skills.
• Applicants must be computer literate